National Hbpa Inc
- Assets
- $459.1k
- Revenue
- $375.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Cave Creek, AZ
- Founding
- 10/1992
- Data as of
- 12/2023
- EIN
- 86-0646160
Organization Overview
National Hbpa Inc is located in Cave Creek, AZ. The organization was established in 1992. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Hbpa Inc employed 3 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Hbpa Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, National Hbpa Inc generated $375.2k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $274.1k during the year ending 12/2023. While expenses have increased by 1.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, FOSTER AND ENCOURAGE A STRONGER ECONOMIC ENVIRONMENT FOR THE THOROUGHBBRED HORSE RACING INDUSTRY; FACILITATE BETTER RELATIONS AMONG PARTICIPANTS IN THOROUGHBRED HORSE RACING; PROVIDE BENEVOLENCE TO THOSE PARTICIPANTS IN NEED AND REPRESENT THE INTERESTS OF ALL THOROUGHBRED HORSEMEN AND WOMEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE A COMMON BUSINESS INTEREST AND NEGOTIATE CONTRACTS WITH RACE TRACKS ON BEHALF OF ITS MEMBERS AND TO PROMOTE AND PROTECT THE WELFARE OF PARTICIPANTS IN THE ARIZONA THOROUGHBRED HORSE RACING INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William L Gessmann Excutive Director | OfficerTrustee | 40 | $77,188 |
Wendy K Hobson Secretary Treasurer | Officer | 40 | $36,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $268,858 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,750 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,840 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $372,448 |
| Total Program Service Revenue | $0 |
| Investment income | $2,793 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $18,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $14,000 |
| Compensation of current officers, directors, key employees. | $50,710 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,440 |
| Fees for services: Management | $78,900 |
| Fees for services: Legal | $2,100 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,040 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,725 |
| All other expenses | $0 |
| Total functional expenses | $274,059 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $426,868 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $28,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,250 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $459,118 |
| Accounts payable and accrued expenses | $52 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $52 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $459,066 |
| Total liabilities and net assets/fund balances | $459,118 |
Grants Awarded
Over the last fiscal year, National Hbpa Inc has awarded $15,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA HORSEMEN'S BENEVOLENT & PROTECTIVE FOUNDATION PURPOSE: MEMBERSHIP BENEFITS | $0 |
NATIONAL HBPA INC PURPOSE: INDUSTRY SUPPORT | $15,000 |